US gives sensible ruling on China's solar imports
Updated: 2012-03-21 16:05
(Xinhua)
|
|||||||||
BEIJING - The US government's lighter than expected tariffs on China's solar panel imports reflects some degree of rationality, but it has to do more to keep bilateral trade ties from derailing.
The US Department of Commerce announced Tuesday that a preliminary investigation found that Chinese solar panel makers have received government subsidies of 2.9 percent to 4.73 percent, and decided to levy the same amount of tariffs on Chinese imports.
Although the evidence leading to the ruling does not seem convincing, the subsidy margin is smaller than the estimated scale of up to 10 percent, which is, to some extent, a result of compromise.
Before the decision was made, the solar panel case was a topic of heated debate in the United States. It is well-recognized domestically that the stiff tariffs' devastating impacts on the affordability of solar power use and the US solar power industry will outweigh its positive impact on job creation.
The vocal domestic calls and a cautious measure between pros and cons have given rise to Tuesday's ruling. The Commerce Department will announce in mid-May whether Chinese companies are dumping solar panels below costs, and a similar psyche is hoped to be implemented by the US government in making the decision.
Although the solar panel case has proven to be less devastating than expected, the US government recently intensified shots against a range of Chinese imports, from rare earths to steel wheels, recalling the phantom of protectionism in an election year.
China, among other emerging economies, is a beneficiary of free trade principles. It is committed to following the principles of the World Trade Organization, but will not bend to the standards of a handful of countries.
The US should gradually learn to adapt to a marketplace in which emerging countries are playing more active roles by sharpening its own capabilities in innovation and lowering costs, and not resorting to protectionist moves to shun obligations.
When conducting subsidy and dumping probes, the US government should make decisions based on facts. Punitive duties, big or small, will distort normal trade relations and risk disturbing the fragile global economic recovery process.
Good trade will serve as a ballast stone, not a stumbling block, for the economic vessel to navigate choppy waters. In a time of crisis, the US government should keep that in mind.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |